Mortgage Activity Hits 25-year Low as Rates Rise

In the past week, the overall application activity dropped to its slowest pace since 1997. Demand for mortgage applications plummeted to 14.2 percent, according to the weekly mortgage application survey from the Mortgage Bankers Association. 

Hurricane Ian May Spike Food Prices

Hurricane Ian, which became a Category 4 storm early Wednesday, is expected to make landfall on Florida’s Gulf Coast sometime mid-week.